Senior management and investor relations

Save this PDF as:

Size: px
Start display at page:

Download "Senior management and investor relations"

Transcription

1 RESEARCH REPORT Senior management and investor relations It is rare to find senior management members at a listed company who are indifferent to the perception of their company in the investment community. Where such indifference does exist, it may be born of over-confidence or arrogance, or it may result from a failure to understand the importance of investor sentiment to the future of any listed firm. In previous research we established that the quality of senior management is crucial to the investor perception of a company, so we know how important senior management is to investor relations. But the question remains: how important is investor relations to senior management? In our latest survey, 142 respondents identified themselves as members of C-level management. Most of these were CFOs, unsurprisingly, given that this is the senior management group most closely associated with investor relations. This report does not seek to make definitive statements about how all members of senior management practice and view investor relations. Those who respond to a survey about IR are by definition more likely to be engaged in the subject. But their responses do provide insight into senior managers engagement with investor relations and what they are looking for from the IR function. In association with IRmagazine.com IR Magazine Summer

2 Senior management roles and background Current role Previous role CEO 6% 23% CFO Other C-level 6% 22% 12% 65% Controller Other finance 12% 14% IR 12% Investment/banking 8% CFO Head of IR (C-level) Other C-level Corporate development/strategy Other 9% 11% IR roles Nearly two thirds (65 percent) of our survey respondents are CFOs and 12 percent are heads of IR with senior management status. Twenty-two percent of respondents were previously CFOs at another company. Just over a quarter come from other financial roles, 12 percent were previously in investor relations and 8 percent come from an investment or banking background. Respondents IR roles, by cap size Micro-cap 54% 18% 28% Small cap 49% 39% 12% Mid-cap 32% 58% 10% Large/mega-cap 31% 44% 25% Head of IR IR reports to Other When it comes to the IR role of survey respondents, there is a roughly even split between senior managers who are also directly in charge of IR and senior managers to whom the head of IR reports. Globally, respondents are 40 percent IR heads, 42 percent the C-level head of the IR reporting line, and 18 percent someone with another relationship to investor relations. There are clear regional differences in the respondent profiles for IR roles. The North American figures broadly match the global percentages, as do the percentages for the other category across the regions. But European respondents are more than twice as likely to be the senior management member to whom IR reports, as opposed to being the IR head themselves. The reverse is true and even more pronounced among Asian respondents, where 69 percent are the actual head of IR and just 13 percent the senior manager to whom IR reports. 2 IRmagazine.com IR Magazine Summer 2015

3 There is a clear pattern here determined by company size: the greater a company s market cap, the less likely respondents are to head up the IR function. Senior managers to whom IR reports rise from 18 percent among micro-cap respondents to 58 percent among mid-caps. This figures drops to 44 percent among large/mega-caps, although this is partly due to a rise in respondents who are neither head of investor relations nor the senior manager to whom IR reports. Dedicated IROs Dedicated IR role Micro-cap 41% Small cap 52% Mid-cap 73% 22% Large/mega-cap 94% Overall, two thirds of respondents have within their company an individual dedicated to the role of investor relations. The rate is lower among North American respondents, where 59 percent have a dedicated IRO, and at its highest among Asian respondents, where four fifths (80 percent) have a dedicated IR individual or department. As company market cap increases, the likelihood of having a dedicated IRO increases: just 41 percent of microcap respondents have a dedicated IRO; this rises uniformly to 94 percent among large/mega-caps. Days spent on IR IR days Head of IR 51 Days Respondent IR reports to 31 Days Respondent at company with dedicated IRO 41 Days Respondent at company without dedicated IRO 33 Days The average number of overall days per year that survey respondents spend on investor relations is 37. North American senior managers match the overall average, while European respondents spend less time (33 days) and Asian respondents more (44 days). Across company size the average number of days spent on investor relations is consistent from small cap to mega-cap (39-40 days). At micro-cap level, however, the number of days respondents spend on IR drops to 27. Unsurprisingly, senior managers who are also head of IR spend considerably more time on investor relations than other senior managers. On average, respondents who are IR heads spend 51 days per year on investor relations, senior managers to whom the investor relations function reports spend 31 days, and all other respondents spend just 23 days. IRmagazine.com IR Magazine Summer

4 Measuring IR Importance in measuring IR quality Composition of shareholder base Accuracy of sell-side models and forecasts Analyst coverage Investor meetings/roadshows/events Speed of response to investors and analysts Investment community feedback P/E relative to peers In our survey we asked senior managers to rate the importance of several factors in measuring the quality of their company s IR. They were asked to rate each factor on a scale of zero to 10, where zero is not at all important and 10 is extremely important. The above heat bars indicate the value placed on each factor in measuring the effectiveness of IR. Each color section represents the number of respondents assigning a particular score, with zero (not at all important) represented by deep blue on the far left of the bar and 10 (extremely important) by deep red on the far right. The more pronounced the red tones, the more important that factor is considered by senior management in measuring IR. The more blue, the more respondents assign little or no value to the factor when assessing IR effectiveness. As can be seen, speed of response to investors and analysts and investor meetings/roadshows/events are considered the most important factors by senior management when it comes to measuring IR. Three quarters (75 percent) of respondents give investor engagement through meetings, roadshows and events a score we class as very important (8+), with 19 percent giving a perfect score of 10. Prompt responses to the investment community are valued as very important by 69 percent, with 21 percent giving a score of 10, the highest number of perfect scores received by any category. The third-most important area for measuring IR is analyst coverage, either in terms of quality or quantity, and the fourth is feedback from the investment community, either in general or through more formal investor perception studies. The factor considered least important by senior management measuring the quality of IR is the company s P/E relative to its peers. This is the only category where more respondents give a score of 5 or less (36 percent) than 8 or more (33 percent). 4 IRmagazine.com IR Magazine Summer 2015

5 Average scores for importance in measuring IR Micro-cap Small cap Mid-cap Large/ mega-cap Dedicated IRO Yes No Composition of shareholder base Accuracy of sell-side models and forecasts Analyst coverage Investor meetings/roadshows/events Speed of response to investors and analysts Investment community feedback P/E relative to peers Examining how IR is measured in each region produces little meaningful deviation from the overall global figures. Asian respondents tend to give higher figures, most notably with investment community feedback and P/E relative to peers. The 5.7 score given by North American respondents to the importance of P/E relative to peers is the lowest score given by any region or cap size in this data group. More meaningful deviations from the global norm can be found when the data is analyzed by company size. Meetings, roadshows and events would be considered the most important area overall were it not for the relatively low score among micro-cap respondents (7.2, bringing the overall average down to 8.1). There is a one-point difference between the importance attached to the accuracy of sell-side models and forecasts among micro-cap and mid-cap respondents (6.4 and 7.4, respectively). The importance of analyst coverage in evaluating IR drops steadily from 8.2 at small caps to 7.5 at large/megacaps. Analyst coverage is least important among micro-cap respondents, where the average score is 7.0. That said, the average number of analysts covering a micro-cap company is 2.3 compared with 6.1 for small caps, so it may be that senior management at micro-cap level consider increased analyst coverage to be too unlikely and too dependent on other factors to be an effective means of measuring IR. There are few key differences in importance attached by senior managers who are also head of IR and those to whom the head of IR reports. IR heads tend to attach more importance to analyst coverage and speed of response to investors and analysts. The biggest difference comes with investment community feedback, where IR heads give a score of 7.9 compared with the 7.1 given by the senior managers to whom IR reports. The greatest differences are to be found between the views of senior management in companies with a dedicated IRO and those with no employee dedicated to the role. In every category except analyst coverage, the average score given by respondents with a dedicated IRO is at least half a point higher than that given by those with no dedicated IRO. For investor meetings/roadshows/events the difference is 1.1 points on the scale; for P/E relative to peers, it s 1.6 points. The fact that senior managers in companies with a dedicated IRO consistently place more importance on factors when measuring IR suggests they place more importance on measuring IR overall. It suggests there is an understandable correlation between having a dedicated IRO and greater attention being paid by senior management to IR performance. IRmagazine.com IR Magazine Summer

6 What senior management looks for in an IRO We asked all senior managers who responded to our survey: what main qualities do (or would) you look for in an investor relations officer? This was an open question where the respondents could answer any way they saw fit, without any prompting. Most respondents mention several different qualities. Below is a list of the ones mentioned by more than one respondent Communication skills Financial knowledge Relationship skills Company knowledge Industry knowledge Strategic sense Integrity/honesty Investor knowledge Analytical skills Experience General knowledge/intelligence Mental agility Accuracy/diligence Good contacts Writing ability Good personality Positive attitude Professionalism Responsiveness Hard working Numeracy Dependable/reliable Emotional intelligence Good collaborator Investor relations knowledge Language skills 2 Communication skills are by far the quality most sought-after in IROs by senior management, with twice as many mentions as financial knowledge, the second-most popular response. Relationship skills, industry knowledge and an understanding of the company closely follow as the next most-mentioned qualities senior management look for in an IR professional. There is little difference between the regions in what senior management looks for in an IR professional. North Americans place slightly more emphasis on relationship skills and a sense of strategy, while Europeans place more on company knowledge and integrity. When it comes to company size, micro-cap companies value integrity and experience more, financial knowledge less. In fact, integrity/honesty is the quality most mentioned by microcaps, making them the only group that does not place communication skills at the top of the list. The larger the company, the more important it is for an IRO to have good knowledge of the company and its operations, with this quality rising steadily in mentions from micro-cap to large/mega-cap. Senior managers who are also investor relations heads tend to favor integrity and experience more than the overall average, although this may be because they tend to come from smaller companies. Senior managers to whom IR reports place more emphasis on company knowledge, but again this may be because they tend to come from larger companies. As for the respondents who do not have a dedicated IRO, their dream IRO would possess the communication skills, financial knowledge and relationship skills that most respondents in general consider important. Not only do they place greater value on integrity and experience, however, as do their counterparts at many smaller companies, but respondents without an IRO also emphasize the need for their ideal IRO to have knowledge of the investment community. Gaining a greater internal understanding of the ins and outs of the investment world is a clear persuading factor for senior managers when evaluating the worth of taking on a dedicated IRO. 6 IRmagazine.com IR Magazine Summer 2015

7 How to improve IR Senior management respondents to our survey were asked to comment on what would improve the quality of their company s investor relations. This was an open comment question and respondents were free to reply how they wished with no pre-set answers to choose from. Each response was then categorized according to the nature of its focus. The potential areas for IR improvement were categorized as resources, shareholder base, communication/reporting, company performance, and other. A few respondents claim nothing could improve their company s investor relations. The most common factor identified by senior managers for improving their company s IR is the need for better resources. Almost a third (31 percent) of respondents identify the need for increased time, money or personnel to improve their IR function. This is closely followed by the 28 percent of respondents who identify issues to do with the company s shareholder base. For these respondents, IR would be improved by having a better understanding of, and ability to identify, their current shareholders, or by improving the shareholder base through targeting and outreach. Better communication/reporting or improved company performance generally are considered lesser factors in improving the quality of investor relations. What would improve the quality of your company s investor relations? By market cap Overall <$1 bn micro/small cap >$1 bn mid/large/mega-cap Resources Shareholder base Communication/reporting Company performance Other Nothing % of respondents There is a clear difference in what senior managers think will improve their company s IR when the results are viewed by company size: 40 percent of responses at companies with a market cap of $1 bn or less (micro and small caps) refer to the need for improved IR resources, compared with just 22 percent among senior managers at companies with more than $1 bn market cap (mid, large and mega-caps). In the larger market cap bracket, issues to do with the company s shareholder base are the most identified means of improving IR: 36 percent of responses in the more than $1 bn market cap bracket refer to these issues, compared with 21 percent in companies with a market cap of $1 bn or less. Regionally, European and Asian senior managers are more likely to cite communication/reporting or company performance than their North American counterparts, who concentrate further on the two most popular categories of resources and issues around the shareholder base. IRmagazine.com IR Magazine Summer

8 What would improve the quality of your company s investor relations? By respondent type Resources Shareholder base Communication/reporting Company performance Other No IRO Dedicated IRO IR reports to IR head Nothing % of respondents On the issue of how IR can be improved, there are clear differences between the emphasis placed by senior managers who are also heads of IR and that placed by senior managers to whom the head of IR reports. IR heads mention resources 37 percent of the time, compared with 21 percent of mentions for issues to do with the shareholder base. The situation is reversed among senior managers to whom IR reports, where 36 percent of mentions are to do with the shareholder base, compared with 27 percent to do with additional resources. IR heads also place greater emphasis on communication and reporting than those to whom IR heads report: 26 percent compared with just 11 percent. Similar differences are to be found between senior managers in companies with a dedicated IRO and those without a dedicated IRO. Senior managers who have a dedicated IRO cite shareholder base issues over resources (33 percent and 26 percent, respectively), while those without an IRO greatly favor additional resources: 41 percent compared with just 18 percent for shareholder base issues. What would improve the quality of your company s investor relations? Company performance Country Sector Market cap Comment US Healthcare Micro-cap Higher market cap Hong Kong SAR Healthcare Micro-cap Management attitude toward IR activities US Mid-cap An increased emphasis around participation by senior management has really improved our IR efforts over the past two to three years Poland Small cap Consistency of great results exceeding market expectations; holding regular investor days globally; having a more global and diversified shareholder base India Energy Large cap Clarity in company's vision Russia Materials Mid-cap More detailed peer comparison/benchmarking 8 IRmagazine.com IR Magazine Summer 2015

9 Communication/reporting Country Sector Market cap Comment Hong Kong SAR Communications Mid-cap More attention given to shareholders and analysts US Industrials Large cap Real-time buy-side feedback US Industrials Small cap More regular and clear communications with investors UK Energy Mid-cap Better management of expectations; more timely preparation for documents Taiwan Technology Mid-cap Enhance the English version of the web page Moldova Small cap Have annual reporting on IR US Healthcare Micro-cap Mexico Industrials Mid-cap Greater use/leverage of client testimonials would help our investors better understand our value proposition Target investors for communications, improve communications timing, improve knowledge of the company outlook Shareholder base Country Sector Market cap Comment France Large cap Better geographic coverage US Mid-cap More long-term holders of our equity US Energy Mid-cap Smarter investors US Technology Large cap I think we're best in class in terms of the work we do internally. We'd be able to do a better job if we had better visibility into who was trading in our stock China PRC Energy Mid-cap Better investor tracking and follow-up Argentina Technology Large cap Better targeting execution. Not so much determining appropriate targets, but having the discipline to work mainly with those accounts and not spend as much time on other inbound or banking relationship-driven meetings US Small cap Additional resources to conduct more extensive research on potential institutional investor targets Canada Materials Micro-cap More travel to see potential shareholders Hong Kong SAR Industrials Mid-cap Conference days that are focused on the industrials sector IRmagazine.com IR Magazine Summer

10 Resources Country Sector Market cap Comment Canada Technology Micro-cap Time and money Belgium Financials Small cap Full-time job instead of part-time role US Industrials Small cap Additional headcount. Currently operate with a team of 1.5 people China PRC Communications Small cap An experienced investor relations officer France Energy Mid-cap Hire an Anglo-Saxon IRO! US Industrials Small cap The time to be more proactive, as opposed to the somewhat reactive approach we currently use US Financials Micro-cap More time to meet with more people and explain detailed financials Italy Industrials Mid-cap To have more time to dedicate and follow the matter properly Other Country Sector Market cap Comment France Communications Mid-cap Harmonization of international rules; better understanding from proxy Brazil Financials Micro-cap To be constantly aware of the international situation, not only in terms of investment opportunities and products but also, especially, the geopolitical scenario US Financials Mid-cap Access to industry developments Ghana Financials Micro-cap Training of investor relations officer US Financials Small cap While it can always be improved, I think it is excellent for a company as small as ours Sponsor s statement Oxford Intelligence Partners provides intensive stock surveillance, specialized capital markets intelligence and customized analytics to investor relations professionals. Traditional stock surveillance is a crucial function, and Oxford s founders have a long history of excellence in providing it. But we further differentiate our best-in-class surveillance offering by also providing our clients with our proprietary Options Intelligence TM and Predictive Analytics solutions. Our team of senior surveillance experts and former options traders provide detailed insights and advanced analytics of both the equity and derivatives markets, and our clients benefit from this holistic view. Simply put, we turn information into intelligence. Stand-alone stock surveillance tells you what happened; sell-side reports tell you what the analysts expect. But Oxford Intelligence Partners innovative Options Intelligence TM and Predictive Analytics, coupled with our intensive surveillance, offer a glimpse into the future. That s what we call Uncommon Intelligence TM. Contact John Vogt President & COO Direct: Mobile: IRmagazine.com IR Magazine Summer 2015

Snapshot Global IR Practice 2011

Snapshot Global IR Practice 2011 Snapshot Global IR Practice 2011 REPORTING LINES LOW TEAM SIZE LOW BUDGET LOW GLOBAL REPORTING LINES n small caps Basic materials 59 37 Regional Cap size Sector Brazil vs China Regional Cap size Sector

More information

2017 Global Trends in Investor Relations

2017 Global Trends in Investor Relations 0 2017 Global Trends in Investor Relations Primacy of Geopolitical Risk Geopolitical risk is still the number one concern for companies globally. Concern is increasing regarding the impact of emerging

More information

ABU DHABI INVESTMENT AUTHORITY

ABU DHABI INVESTMENT AUTHORITY ABU DHABI INVESTMENT AUTHORITY Managing More of its Assets Internally and Taking a More Active Approach to Investing Than Ever Before SPECIAL REPORT +1-877-588-5030 sales@ipreo.com www.ipreo.com As Sovereign

More information

Change, challenge and opportunity: The impact of MiFID II on FTSE 350 Investor Relations

Change, challenge and opportunity: The impact of MiFID II on FTSE 350 Investor Relations Change, challenge and opportunity: The impact of MiFID II on FTSE 350 Investor Relations February 2019 Foreword Orient Capital is the largest analyser of share registers globally and the dominant provider

More information

Global Investor Relations Practice Report 2014

Global Investor Relations Practice Report 2014 Global Investor Relations Practice Report 2014 Taking stock of variation in IR scope and resources GLOBAL OVERVIEW l SECTOR BENCHMARKING l REGIONAL ANALYSIS l IR SALARIES GLOBAL INVESTOR R E L AT I O N

More information

2018 Global Top 250 Compensation Survey

2018 Global Top 250 Compensation Survey December 2018 2018 Global Top 250 Compensation Survey Compensation of Chief Executives and Chief Financial Officers 2018 Global Top 250 Compensation Survey FW Cook and FIT Remuneration Consultants, the

More information

2017 Investor Pulse. Switzerland MKTG0817E

2017 Investor Pulse. Switzerland MKTG0817E 2017 Investor Pulse Switzerland What s on the mind of Switzerland s wealthy investors? Welcome to the latest edition of Investor Pulse, the world s most extensive survey of behaviour among investors. In

More information

First ever quarter with over 200m Gross Profit

First ever quarter with over 200m Gross Profit 11 July 2018 and H1 2018 Trading Update Steve Ingham Kelvin Stagg Chief Executive Officer Chief Financial Officer First ever quarter with over 200m Gross Profit LSE: PAGE.L Website: http://www.page.com/investors

More information

1 Edelman, All rights reserved. EDELMAN TRUST BAROMETER APAC RESULTS

1 Edelman, All rights reserved. EDELMAN TRUST BAROMETER APAC RESULTS 1 Edelman, 2012. All rights reserved. 2012 EDELMAN TRUST BAROMETER APAC RESULTS 2012 Edelman Trust Barometer Asia Pacific Findings METHODOLOGY OVERVIEW Twelfth annual study GENERAL PUBLIC INFORMED PUBLIC

More information

2 Analysing euro area net portfolio investment outflows

2 Analysing euro area net portfolio investment outflows Analysing euro area net portfolio investment outflows This box analyses recent developments in portfolio investment flows in the euro area financial account. In 16 the euro area s current account surplus

More information

IPREO S CORPORATE ACCESS SURVEY

IPREO S CORPORATE ACCESS SURVEY www.ipreo.com 1 IPREO S CORPORATE ACCESS SURVEY 2016 www.ipreo.com 2 Corporate Access Survey Report 2016 Who is Ipreo? Ipreo powers the networks that connect capital to ideas. We are a leading global provider

More information

Retirement in review: A look at 2012 defined contribution participant experience*

Retirement in review: A look at 2012 defined contribution participant experience* Retirement in review: A look at 2012 defined contribution participant experience* * Based on a Voya Financial analysis of 5.1 million participants in Voya -administered Defined Contribution plans for Government,

More information

Global Consumer Confidence

Global Consumer Confidence Global Consumer Confidence The Conference Board Global Consumer Confidence Survey is conducted in collaboration with Nielsen 4TH QUARTER 2017 RESULTS CONTENTS Global Highlights Asia-Pacific Africa and

More information

The Future of Retirement Why family matters

The Future of Retirement Why family matters The Future of Retirement Why family matters India Fact Sheet 2 The Future of Retirement Introduction HSBC s The Future of Retirement programme is a leading independent study into global retirement trends.

More information

Another quarter of double digit growth

Another quarter of double digit growth 11 April 2018 2018 Trading Update Steve Ingham Kelvin Stagg Chief Executive Officer Chief Financial Officer Another quarter of double digit growth LSE: PAGE.L Website: http://www.page.com/investors Headline

More information

RiskMonitor Alternatives. Allianz Global Investors. RiskMonitor. Alternatives 2017

RiskMonitor Alternatives. Allianz Global Investors. RiskMonitor. Alternatives 2017 RiskMonitor 217 - Alternatives Allianz Global Investors RiskMonitor Alternatives 217 1 RiskMonitor 217 - Alternatives The AllianzGI RiskMonitor assesses the impact of the current market environment on

More information

Quarterly Investment Update

Quarterly Investment Update Quarterly Investment Update Second Quarter 2017 Dimensional Fund Advisors Canada ULC ( DFA Canada ) is not affiliated with The CM Group DFA Canada is a separate and distinct company Market Update: A Quarter

More information

Frequently Asked Questions Transparency International 2008 Bribe Payers Index

Frequently Asked Questions Transparency International 2008 Bribe Payers Index Frequently Asked Questions Transparency International 1. What is the Transparency International (BPI)? 2. Which countries are included in the 2008 BPI? 3. How is the 2008 BPI calculated? 4. Whose views

More information

FOURTH QUARTER AND FULL YEAR 2018 TRADING UPDATE A record Quarter and Year for the Group

FOURTH QUARTER AND FULL YEAR 2018 TRADING UPDATE A record Quarter and Year for the Group 14 January 2019 FOURTH QUARTER AND FULL YEAR 2018 TRADING UPDATE A record Quarter and Year for the Group Q4 Highlights* Group gross profit growth of +15.4% (+15.8% in reported rates), against a tough comparator

More information

Consumer Sentiment Survey

Consumer Sentiment Survey Consumer Sentiment Survey O N P E R S O N A L F I N A N C I A L S E R V I C E S IFPHK Consumer Sentiment Survey Task Force Members: Chairman: Mr James Wong Members: Dr Louis Cheng Dr Eddie Chan Mr Gollum

More information

LIBRARY BUDGET PREDICTIONS FOR 2013

LIBRARY BUDGET PREDICTIONS FOR 2013 LIBRARY BUDGET PREDICTIONS FOR 2013 Contents List of Tables... 1 Executive Summary... 2 What was done... 2 Summary of Results... 2 Who was surveyed... 5 Sample Frame... 6 Length of Impact of the Economic

More information

Preqin Special Report: North American Endowments as Investors in Private Equity Funds

Preqin Special Report: North American Endowments as Investors in Private Equity Funds Content Includes Investor Universe An insight into how North America-based endowments fit into the overall private equity investor space. Preqin Special Report: North American Endowments as Investors in

More information

THE EROSION OF THE REAL ESTATE HOME BIAS

THE EROSION OF THE REAL ESTATE HOME BIAS THE EROSION OF THE REAL ESTATE HOME BIAS The integration of real estate with other asset classes and greater scrutiny from risk managers are set to increase, not reduce, the moves for international exposure.

More information

Global Investor Study 2017

Global Investor Study 2017 Global Investor Study 2017 Investor behaviour: from priorities to expectations Global Investor Study 2017 1 Contents 3 Overview 11 Millennials paint a conflicted picture 4 The global thirst for more investment

More information

... RUSSIA INVESTOR RELATIONS SURVEY JULY

... RUSSIA INVESTOR RELATIONS SURVEY JULY .......................................................................... RUSSIA INVESTOR RELATIONS SURVEY JULY 2017.......................................................................... CONTENTS

More information

MIFID II: A CHECK ON REALITY

MIFID II: A CHECK ON REALITY Special Report MIFID II: A CHECK ON REALITY Following the global financial crisis, the European Commission produced plans to review the Markets in Financial Instruments Directive (MiFID) framework, a cornerstone

More information

A short history of debt

A short history of debt A short history of debt In the words of the late Charles Kindleberger, debt/financial crises are a hardy perennial we have been here many times before. Over the past decade and a half the ratio of global

More information

Travel Metrics: Consumer Approaches to Travel Insurance and Assistance in Selected Global Markets

Travel Metrics: Consumer Approaches to Travel Insurance and Assistance in Selected Global Markets Travel Metrics: Consumer Approaches to Travel Insurance and Assistance in Selected Global Markets Series Prospectus November 2017 1 Prospectus contents Page What is the research? What is the research?

More information

SAMPLE REPORT. Service Desk Benchmark DATA IS NOT ACCURATE! Outsourced Service Desks

SAMPLE REPORT. Service Desk Benchmark DATA IS NOT ACCURATE! Outsourced Service Desks h SAMPLE REPORT DATA IS NOT ACCURATE! Service Desk Benchmark Outsourced Service Desks Report Number: SD-SAMPLE-OUT-0617 Updated: June 2017 MetricNet s instantly downloadable Service Desk benchmarks provide

More information

THE F FILES. Group benefits fraud what you need to know to fight fraud GET #FRAUDSMART

THE F FILES. Group benefits fraud what you need to know to fight fraud GET #FRAUDSMART THE F FILES Group benefits fraud what you need to know to fight fraud GET #FRAUDSMART SPRING 2018 LOOKING INTO THE FUTURE OF FRAUD WITH PREDICTIVE ANALYTICS Big data it is fundamental in the fight against

More information

DESTINATION INSIGHTS Destination Market: Caribbean

DESTINATION INSIGHTS Destination Market: Caribbean Prepared for: MASTERCARD ADVISORS DESTINATION INSIGHTS Destination Market: Caribbean May 2018 Report Specifications and Summary 2 Report is based on MasterCard s anonymized cardholder data Client Name:

More information

Sharing insights on key industry issues*

Sharing insights on key industry issues* Insurance This article is from a PricewaterhouseCoopers publication entitled Insurancedigest Sharing insights on key industry issues* European edition September 2008 Is your ERM delivering? Authors: Robert

More information

October Atradius Payment Practices Barometer. International survey of B2B payment behaviour Survey results for Asia Pacific

October Atradius Payment Practices Barometer. International survey of B2B payment behaviour Survey results for Asia Pacific October 2015 Atradius Payment Practices Barometer International survey of B2B payment behaviour Survey results for Asia Pacific Survey design for Asia Pacific SURVEY DESIGN SURVEY RESULTS STATISTICAL APPENDIX

More information

PREQIN INVESTOR OUTLOOK: PRIVATE EQUITY H2 2017

PREQIN INVESTOR OUTLOOK: PRIVATE EQUITY H2 2017 PREQIN INVESTOR OUTLOOK: PRIVATE EQUITY H2 2017 alternative assets. intelligent data. POSITIVE SENTIMENT DIPS BUT INVESTORS ARE SATISFIED Investors surveyed by Preqin in June 2017 are less positive about

More information

Global Select International Select International Select Hedged Emerging Market Select

Global Select International Select International Select Hedged Emerging Market Select International Exchange Traded Fund (ETF) Managed Strategies ETFs provide investors a liquid, transparent, and low-cost avenue to equities around the world. Our research has shown that individual country

More information

San Francisco Retiree Health Care Trust Fund Education Materials on Public Equity

San Francisco Retiree Health Care Trust Fund Education Materials on Public Equity M E K E T A I N V E S T M E N T G R O U P 5796 ARMADA DRIVE SUITE 110 CARLSBAD CA 92008 760 795 3450 fax 760 795 3445 www.meketagroup.com The Global Equity Opportunity Set MSCI All Country World 1 Index

More information

National Foreclosure Mitigation Counseling Program

National Foreclosure Mitigation Counseling Program National Foreclosure Mitigation Counseling Program National Foreclosure Mitigation Counseling Program Congressional Update Activity through January 31, 2010 Executive Summary NeighborWorks America (as

More information

Measuring Retirement Plan Effectiveness

Measuring Retirement Plan Effectiveness T. Rowe Price Measuring Retirement Plan Effectiveness T. Rowe Price Plan Meter helps sponsors assess and improve plan performance Retirement Insights Once considered ancillary to defined benefit (DB) pension

More information

CEOs Less Optimistic about Global Economy for 2015

CEOs Less Optimistic about Global Economy for 2015 Press Release Date 22 January 2014 Contact Vu Thi Thu Nguyet Tel: (04) 3946 2246, Ext. 4690; Mobile: 0947 093 998 E-mail: vu.thi.thu.nguyet@vn.pwc.com Pages 6 CEOs Less Optimistic about Global Economy

More information

How Much Are Advertisers Ready to Pay for Installs? Clickky CPI Index May 16

How Much Are Advertisers Ready to Pay for Installs? Clickky CPI Index May 16 How Much Are Advertisers Ready to Pay for Installs? Clickky CPI Index May 16 We are pleased to introduce the Clickky CPI Index, which shows the current state of market demand. We calculated the Index for

More information

IPREO OVERVIEW. January 2017

IPREO OVERVIEW. January 2017 IPREO OVERVIEW January 2017 WHO IS IPREO? Ipreo is the global leader in providing market intelligence, data, and technology solutions to all participants in the global capital markets, including sell-side

More information

2017 Experian State of Lending. Who s Winning? Community Banks vs. Credit Unions

2017 Experian State of Lending. Who s Winning? Community Banks vs. Credit Unions 2017 Experian State of Lending Who s Winning? Community Banks vs. Credit Unions Community Banks & Credit Unions: By the Numbers Who s Winning the Lending Game? A look at Key Performance Health Metrics:

More information

2018 Edelman Trust Barometer

2018 Edelman Trust Barometer 2018 Edelman Trust Barometer State of Trust Among U.S. Hispanics #TrustBarometer 2018 Edelman Trust Barometer Methodology Online Survey in 28 Markets 18 years of data 33,000+ respondents total All fieldwork

More information

Banking Reform Program. Report on Consumer Study Wave Two

Banking Reform Program. Report on Consumer Study Wave Two Banking Reform Program Report on Consumer Study Wave Two Banks success is inextricably tied to the economy. When Australia does well, banks do well. Australia s banks are key to Australia s economic success.

More information

SAMPLE REPORT. Contact Center Benchmark DATA IS NOT ACCURATE! Outsourced Contact Centers

SAMPLE REPORT. Contact Center Benchmark DATA IS NOT ACCURATE! Outsourced Contact Centers h SAMPLE REPORT DATA IS NOT ACCURATE! Contact Center Benchmark Outsourced Contact Centers Report Number: CC-SAMPLE-OUT-0617 Updated: June 2017 MetricNet s instantly downloadable Contact Center benchmarks

More information

Inward investment after Brexit

Inward investment after Brexit EY s UK Attractiveness Survey Inward investment after Brexit March 2018 Contents Executive summary 1 Investor perspectives on FDI 2 Methodology 11 About EY s Attractiveness Program 12 Executive summary

More information

2017 Nasdaq Global Compliance Survey. Inside the Mind of the Compliance Officer

2017 Nasdaq Global Compliance Survey. Inside the Mind of the Compliance Officer Nasdaq Global Compliance Survey Inside the Mind of the Compliance Officer MARKET TECHNOLOGY In the Global Compliance Survey, Nasdaq continues to gather intelligence on the most pressing developments in

More information

The Deloitte/SEB CFO Survey Optimism soars

The Deloitte/SEB CFO Survey Optimism soars Optimism soars The Deloitte/SEB CFO Survey We are excited to present the results of the new Deloitte/SEB CFO Survey. The report uniquely combines perspectives from CFOs within large and midsized companies

More information

ANNUAL REPORT

ANNUAL REPORT 2014-15 ANNUAL REPORT TABLE OF CONTENTS Introduction... 1 Survey Respondent Demographics... 1 Overall Program Participation... 2 Long-term Exchanges... 4 Short-term Exchanges... 6 Early Returns... 8 Exchange

More information

G L O B A L R E A L E S T A T E I N V E S T I N G

G L O B A L R E A L E S T A T E I N V E S T I N G Insights on... G L O B A L R E A L E S T A T E I N V E S T I N G T H E A D V A N T A G E S O F G O I N G G L O B A L Research Series Volume 1 June 2008 Philip S. DeSantis Senior Investment Product Manager

More information

Reimagining customer relationships. Asia-Pacific

Reimagining customer relationships. Asia-Pacific Reimagining customer relationships Asia-Pacific 2 Executive summary Two years after EY s inaugural Global Consumer Insurance Survey, results from the 2014 survey confirm that the insurance industry is

More information

Global ex US PE / VC Benchmark Commentary Quarter and Year Ending December 31, 2015

Global ex US PE / VC Benchmark Commentary Quarter and Year Ending December 31, 2015 Global ex US PE / VC Benchmark Commentary Quarter and Year Ending December 31, 2015 Overview The Cambridge Associates LLC Global ex US Developed Markets Private Equity and Venture Capital (PE/VC) Index

More information

Government Pension Investment Fund

Government Pension Investment Fund May 24 th, 2017 Government Pension Investment Fund Summary Report of the 2 nd Survey of Listed Companies Regarding Institutional Investors Stewardship Activities I. Purpose of the Survey The Government

More information

Quarterly Investment Update First Quarter 2017

Quarterly Investment Update First Quarter 2017 Quarterly Investment Update First Quarter 2017 Market Update: A Quarter in Review March 31, 2017 CANADIAN STOCKS INTERNATIONAL STOCKS Large Cap Small Cap Growth Value Large Cap Small Cap Growth Value Emerging

More information

Rivel Research Group Buy-side Perspectives

Rivel Research Group Buy-side Perspectives Rivel Research Group Buy-side Perspectives IR Best Practice Insights from the Rivel Intelligence Council Prepared for 2017 Rivel Research Group All rights reserved. No part of this publication may be reproduced

More information

Results Fall Atradius Payment Practices Barometer. International survey of B2B payment behaviour Core results overall survey

Results Fall Atradius Payment Practices Barometer. International survey of B2B payment behaviour Core results overall survey Results Fall 2011 Atradius Payment Practices Barometer International survey of B2B payment Core results overall survey 2 Copyright by Atradius N.V. October 2011 Published by Atradius Corporate Communications

More information

INTERIM MANAGEMENT STATEMENT QUARTER ENDED 31 MARCH 2012

INTERIM MANAGEMENT STATEMENT QUARTER ENDED 31 MARCH 2012 INTERIM MANAGEMENT STATEMENT QUARTER ENDED 31 MARCH 2012 12 April 2012 Financial summary Growth in net fees for the quarter ended 31 March 2012 (Q3) (versus the same period last year) Actual Growth LFL*

More information

A LONG-TERM CASE FOR EMERGING MARKETS

A LONG-TERM CASE FOR EMERGING MARKETS A LONG-TERM CASE FOR EMERGING MARKETS An Extraordinary Long-Term Opportunity Emerging markets have displayed significant evolution in terms of economic development and capital markets deepening in the

More information

Sentiment sustains. CriSidEx readings, Jan-Mar and Apr-Jun April 2018 Volume 2

Sentiment sustains. CriSidEx readings, Jan-Mar and Apr-Jun April 2018 Volume 2 Sentiment sustains CriSidEx readings, Jan-Mar and Apr-Jun 2018 April 2018 Volume 2 CriSidEx is India s first sentiment index for Micro and Small Enterprises (MSEs) that indicates the current state and

More information

BillerudKorsnäs_CMD NORDIC RESULTS & TRENDS IRO INSIGHT 2015

BillerudKorsnäs_CMD NORDIC RESULTS & TRENDS IRO INSIGHT 2015 BillerudKorsnäs_CMD20151112 NORDIC RESULTS & TRENDS IRO INSIGHT 2015 TABLE OF CONTENT ABOUT THE STUDY p. 2 PROFILE OF COMPANY p. 3 PROFILE OF IRO p. 4 IR-DEPARTMENT p. 6 COMPENSATION AND BONUS p. 10 ACTIVITIES

More information

Catastrophe Reinsurance Pricing

Catastrophe Reinsurance Pricing Catastrophe Reinsurance Pricing Science, Art or Both? By Joseph Qiu, Ming Li, Qin Wang and Bo Wang Insurers using catastrophe reinsurance, a critical financial management tool with complex pricing, can

More information

SAMPLE REPORT. Contact Center Benchmark DATA IS NOT ACCURATE! In-house/Insourced Contact Centers

SAMPLE REPORT. Contact Center Benchmark DATA IS NOT ACCURATE! In-house/Insourced Contact Centers h SAMPLE REPORT DATA IS NOT ACCURATE! Contact Center Benchmark In-house/Insourced Contact Centers Report Number: CC-SAMPLE-IN-0617 Updated: June 2017 MetricNet s instantly downloadable Contact Center benchmarks

More information

Manpower Employment Outlook Survey Global

Manpower Employment Outlook Survey Global Manpower Employment Outlook Survey Global 3 216 Global Employment Outlook ManpowerGroup interviewed nearly 59, employers across 43 countries and territories to forecast labor market activity in Quarter

More information

Asset Class Strategic Target Tactical Range. Private Equity 18% 14-22% Real Estate 8% 5-12% Energy and Natural Resources 7% 5-10%

Asset Class Strategic Target Tactical Range. Private Equity 18% 14-22% Real Estate 8% 5-12% Energy and Natural Resources 7% 5-10% NC State Investment Fund, Inc. Private Asset Advisor RFP RFP Responses as of 10/31/2016 1. Is the focus of this RFP on the private equity outside of UNCMC? If so, do you foresee moving some investments

More information

PMITM. The world s leading economic indicator

PMITM. The world s leading economic indicator PMITM The world s leading economic indicator The Purchasing Managers IndexTM (PMITM) is based on monthly surveys of carefully selected companies representing major and developing economies worldwide. KEY

More information

Schroders Institutional Investor Study Institutional perspectives on sustainable investing

Schroders Institutional Investor Study Institutional perspectives on sustainable investing Schroders Institutional Investor Study Institutional perspectives on sustainable investing 2017 Contents 2 5 About this study 500 institutional investors across,, and were surveyed. Investment specifics

More information

Actuarial Transformation The Future Actuary

Actuarial Transformation The Future Actuary Actuarial Transformation The Future Actuary Prepared by: Rick Shaw Kaise Stephan Presented to the Actuaries Institute General Insurance Seminar Sydney This paper has been prepared for the Actuaries Institute

More information

The Case for Growth. Investment Research

The Case for Growth. Investment Research Investment Research The Case for Growth Lazard Quantitative Equity Team Companies that generate meaningful earnings growth through their product mix and focus, business strategies, market opportunity,

More information

Lazard Insights. China A-Shares: A New Chapter for EM Investors. Summary. John Burge, Director, Product Manager

Lazard Insights. China A-Shares: A New Chapter for EM Investors. Summary. John Burge, Director, Product Manager Lazard Insights China A-Shares: A New Chapter for EM Investors John Burge, Director, Product Manager Summary MSCI s recent announcement regarding A-share inclusion in the Emerging Markets Index opens a

More information

FRANKLIN TEMPLETON INVESTMENTS. Franklin Resources, Inc. Bank of America Merrill Lynch Banking and Financial Services Conference November 18, 2010

FRANKLIN TEMPLETON INVESTMENTS. Franklin Resources, Inc. Bank of America Merrill Lynch Banking and Financial Services Conference November 18, 2010 Franklin Resources, Inc. Bank of America Merrill Lynch Banking and Financial Services Conference November 18, 2010 Forward-Looking Statements The financial results in this presentation are preliminary.

More information

A Classic Barometer. Insights April Richard Bernstein, Chief Executive and Chief Investment Officer. A classic barometer says US ok; EM not.

A Classic Barometer. Insights April Richard Bernstein, Chief Executive and Chief Investment Officer. A classic barometer says US ok; EM not. , Chief Executive and Chief Investment Officer Advisors Independent investment advisor with a unique top-down, macro approach to investing with quantitative security selection. A Classic Barometer $2.9B

More information

MERCER SMARTDB TM A SMARTER APPROACH TO MANAGING LONGEVITY RISK

MERCER SMARTDB TM A SMARTER APPROACH TO MANAGING LONGEVITY RISK MERCER SMARTDB TM A SMARTER APPROACH TO MANAGING LONGEVITY RISK www.uk.mercer.com/smartdb MERCER SMARTDB TM A SMARTER APPROACH TO MANAGING LONGEVITY RISK Mercer SmartDB TM is a groundbreaking new solution

More information

ManpowerGroup Employment Outlook Survey Netherlands

ManpowerGroup Employment Outlook Survey Netherlands ManpowerGroup Employment Outlook Survey Netherlands 1 218 The ManpowerGroup Employment Outlook Survey for the first quarter 218 was conducted by interviewing a representative sample of 754 employers in

More information

Survey on the Access to Finance of Enterprises in the euro area. April to September 2017

Survey on the Access to Finance of Enterprises in the euro area. April to September 2017 Survey on the Access to Finance of Enterprises in the euro area April to September 217 November 217 Contents Introduction 2 1 Overview of the results 3 2 The financial situation of SMEs in the euro area

More information

An Application of the High-Low Spread Estimator to Non-U.S. Markets using Datastream

An Application of the High-Low Spread Estimator to Non-U.S. Markets using Datastream An Application of the High-Low Spread Estimator to Non-U.S. Markets using Datastream Shane A. Corwin and Paul Schultz February 29 Corwin and Schultz (29) derive an estimator for the bid-ask spread based

More information

NEW SOURCES OF RETURN SURVEYS

NEW SOURCES OF RETURN SURVEYS INVESTORS RESPOND 2005 NEW SOURCES OF RETURN SURVEYS U.S. and Continental Europe A transatlantic comparison of institutional investors search for higher performance Foreword As investors strive to achieve

More information

Additional series available. Morningstar TM Rating. Funds in category Equity style Market cap %

Additional series available. Morningstar TM Rating. Funds in category Equity style Market cap % Sun Life MFS Global Growth Fund Investment objective Series A $20.3181 CAD Net asset value per security (NAVPS) as of September 14, 2018 $0.0919 0.45% Benchmark MSCI AC World C$ Index Fund category Global

More information

ACRITAS PATTERNS IN LEGAL SPEND REPORT

ACRITAS PATTERNS IN LEGAL SPEND REPORT ACRITAS PATTERNS IN LEGAL SPEND REPORT Part 1 A thought provoking look at patterns in legal spend as a proportion of revenue which points to the need for organizations to seek relevant benchmarks. June,

More information

The Future of Retirement The power of planning

The Future of Retirement The power of planning The Future of Retirement The power of planning UK Report Foreword Welcome to the sixth Future of Retirement report, researched exclusively for HSBC. A lifetime of working is likely to create a strong appreciation

More information

QUARTERLY UPDATE FOR THE THREE MONTHS ENDED 30 JUNE 2018

QUARTERLY UPDATE FOR THE THREE MONTHS ENDED 30 JUNE 2018 QUARTERLY UPDATE FOR THE THREE MONTHS ENDED 30 JUNE 2018 13 July 2018 Financial summary Growth in net fees for the quarter ended 30 June 2018 (Q4 FY18) (versus the same period last year) Growth Actual

More information

ICO Market Monthly Analysis February

ICO Market Monthly Analysis February ICO Market Monthly Analysis February 2019 https://icobench.com report@icobench.com Introduction ICO Market Analysis February 2019 We are pleased to introduce you to our new ICO Market Monthly Report with

More information

2016 CIO Agenda: A China Perspective

2016 CIO Agenda: A China Perspective G00297509 2016 CIO Agenda: A China Perspective Published: 19 February 2016 Analyst(s): Owen Chen Gartner's 2016 CIO survey results show that we are now knee-deep in the era of digital business, with many

More information

ANGLORAND INVESTMENT INSIGHTS

ANGLORAND INVESTMENT INSIGHTS 1 ANGLORAND INVESTMENT INSIGHTS JANUARY 217 THE OUTLOOK FOR THE JSE IN 217 Compiled by Desmond Esakov and David Smyth (CFA) ANGLORAND FINANCIAL SERVICES GROUP ANGLORAND FINANCIAL SERVICES GROUP Investment

More information

Automotive transactions and trends 1H16

Automotive transactions and trends 1H16 Automotive transactions and trends 1H16 Global automotive mergers and acquisitions review Produced by Global Markets EY Knowledge Contents Executive summary 01 Analysis by deal sizes Cross-border deals

More information

The quest for profitable growth

The quest for profitable growth Global banking outlook 2015: transforming banking for the next generation The quest for profitable growth We estimate that if the average global bank grew revenues by 17% from FY13 levels, it would be

More information

In-House Fraud Investigation Teams: 2017 Benchmarking Report

In-House Fraud Investigation Teams: 2017 Benchmarking Report In-House Fraud Investigation Teams: 2017 Benchmarking Report Contents Key Findings 3 Introduction 4 Methodology...4 Respondent Demographics 5 Industry of Respondents Organizations...6 Region of Respondents

More information

Manpower Employment Outlook Survey New Zealand

Manpower Employment Outlook Survey New Zealand Manpower Employment Outlook Survey New Zealand 3 216 New Zealand Employment Outlook The Manpower Employment Outlook Survey for the third quarter 216 was conducted by interviewing a representative sample

More information

How we can help you to grow your business

How we can help you to grow your business An Agent Guide to the AIG Advantage How we can help you to grow your business Start WELCOME VISION PRODUCTS Welcome Bring on Partnership We can help you to grow your business. At AIG, we take these words

More information

Portrait Portfolio Funds

Portrait Portfolio Funds Investment Solutions Standard Life Mutual Funds Portrait Portfolio Funds A solution in their image For advisor use only. This document is not intended for public distribution. Expertise of a truly global

More information

A Compendium of Findings About American Employers 15 th Annual Transamerica Retirement Survey. April 2015 TCRS

A Compendium of Findings About American Employers 15 th Annual Transamerica Retirement Survey. April 2015 TCRS A Compendium of Findings About American Employers th Annual Transamerica Retirement Survey April TCRS - Table of Contents PAGE Introduction to the Retirement Study: Employer Perspective About the Transamerica

More information

ManpowerGroup Employment Outlook Survey Singapore

ManpowerGroup Employment Outlook Survey Singapore ManpowerGroup Employment Outlook Survey Singapore 1 218 ManpowerGroup interviewed nearly 59, employers across 43 countries and territories to forecast labor market activity* in 1Q 218. All participants

More information

Manpower Employment Outlook Survey South Africa

Manpower Employment Outlook Survey South Africa Manpower Employment Outlook Survey South Africa 3 216 South Africa Employment Outlook The Manpower Employment Outlook Survey for the third quarter 216 was conducted by interviewing a representative sample

More information

I S S U E B R I E F PUBLIC POLICY INSTITUTE PPI PRESIDENT BUSH S TAX PLAN: IMPACTS ON AGE AND INCOME GROUPS

I S S U E B R I E F PUBLIC POLICY INSTITUTE PPI PRESIDENT BUSH S TAX PLAN: IMPACTS ON AGE AND INCOME GROUPS PPI PUBLIC POLICY INSTITUTE PRESIDENT BUSH S TAX PLAN: IMPACTS ON AGE AND INCOME GROUPS I S S U E B R I E F Introduction President George W. Bush fulfilled a 2000 campaign promise by signing the $1.35

More information

ANSYS, INC. FIRST QUARTER 2011 EARNINGS ANNOUNCEMENT PREPARED REMARKS May 5, 2011

ANSYS, INC. FIRST QUARTER 2011 EARNINGS ANNOUNCEMENT PREPARED REMARKS May 5, 2011 ANSYS, INC. FIRST QUARTER 2011 EARNINGS ANNOUNCEMENT PREPARED REMARKS May 5, 2011 ANSYS is providing a copy of its prepared remarks in combination with its earnings announcement. This process and these

More information

ECON 1100 Global Economics (Fall 2013) The Distribution Function of Government portions for Exam 3

ECON 1100 Global Economics (Fall 2013) The Distribution Function of Government portions for Exam 3 ECON Global Economics (Fall 23) The Distribution Function of Government portions for Exam 3 Relevant Readings from the Required Textbooks: Economics Chapter 2, Income Distribution and Poverty Problems

More information

Global Investor Sentiment Survey

Global Investor Sentiment Survey 2014 Global Investor Sentiment Survey K E Y I N S I G H T S About the Survey The Franklin Templeton Global Investor Sentiment Survey, conducted by ORC International, included responses from 11,113 individuals

More information

The Chief Data Officer:

The Chief Data Officer: Report The Chief Data Officer: Powering business opportunities with data Table of contents: Research methodology...iii Foreword...1 Digital transformation...2 Uncovering the value of a CDO...3 Top motivations

More information

Preqin Investor Outlook: Private Equity H2 2016

Preqin Investor Outlook: Private Equity H2 2016 Preqin Investor Outlook: H2 2016 alternative assets. intelligent data. Investor Appetite High Despite Uncertainty in the Market Section Two: At the start of the year, the Preqin Investor Outlook: Alternative

More information

CFO OUTLOOK 2018 MIDDLE MARKET

CFO OUTLOOK 2018 MIDDLE MARKET CFO OUTLOOK 2018 MIDDLE MARKET TABLE OF CONTENTS Summary and Key Findings...1 Growth in the Current Environment...2 Emerging Trends...6 An Increasingly Evolving Role...10 SUMMARY AND KEY FINDINGS We are

More information

Quarterly Investment Update First Quarter 2018

Quarterly Investment Update First Quarter 2018 Quarterly Investment Update First Quarter 2018 Dimensional Fund Advisors Canada ULC ( DFA Canada ) is not affiliated with [insert name of Advisor]. DFA Canada is a separate and distinct company. Market

More information